Wearing the hat of “lithium extraction from Salt Lake” concept stock, China Aluminum International Engineering Corporation Limited(601068) ushered in a highlight moment.
On December 10 and 13, China Aluminum International Engineering Corporation Limited(601068) Hong Kong stocks soared 67.25% and 18.88% respectively, with a cumulative increase of 98.8%. China Aluminum International Engineering Corporation Limited(601068) A-Shares also rose ferociously. They rose strongly in the morning trading on December 10 and on the flat board on December 13, with more than 460000 orders.
On the evening of December 13, China Aluminum International Engineering Corporation Limited(601068) announced that the company was not involved in the lithium investment business of Salt Lake; No direct production of lithium materials; Lithium business accounts for a small proportion of revenue, which does not have a significant impact on the company’s performance.
do not directly produce lithium materials
The “story” of China Aluminum International Engineering Corporation Limited(601068) starts on November 29.
On the same day, the company said on the interactive platform that the company’s salt lake lithium extraction technology adopts the world’s advanced ion selective migration synthetic lithium carbonate salt lake lithium extraction process, which has advanced process route, high degree of automation, stable product quality and low cost. It directly goes offline battery grade lithium carbonate products. Source: interactive platform
The company also said that in recent years, the company has undertaken the lithium extraction project business of China’s salt lakes and actively sought cooperation with all parties.
During this period, the company’s share price did not change significantly until December 10. On December 10, China Aluminum International Engineering Corporation Limited(601068) A-Shares quickly touched the daily limit, and H shares once soared by more than 90%. On the 13th, China Aluminum International Engineering Corporation Limited(601068) A-Shares exceeded the 463000 manual limit, and H shares rose 18.88%.
According to the data of the dragon and tiger list, during the period, Huaxin Securities Shanghai Branch, Dongguan securities Zhejiang branch and other business departments bought the top five seats on the list.
China Aluminum International Engineering Corporation Limited(601068) the announcement on the evening of December 13 introduced the lithium extraction from the salt lake. The company said that its main businesses are engineering design and consulting, engineering and construction contracting, equipment manufacturing and trade, and its main business revenue accounts for 100%. The company is not involved in the investment business related to lithium extraction from salt lakes, does not directly produce lithium materials, and only provides technical design, consulting and engineering construction services for lithium production enterprises. This business will not have a significant impact on the company’s performance.
Meanwhile, the company’s lithium related business revenue accounts for a relatively small proportion, which does not have a significant impact on the performance. In the first three quarters, the orders on hand of the company’s lithium related businesses accounted for about 1.99% of the company’s total orders on hand, and the contract assets formed accounted for about 0.05%; Lithium related business revenue accounted for about 0.19%.
focus on capacity release
In terms of lithium extraction from Salt Lake, the company’s previous statement of “directly offline battery grade lithium carbonate products” may provide imagination space for the market.
Huaan Securities Co.Ltd(600909) according to the research report, at present, lithium extraction from salt lakes in China mainly adopts technical routes such as ion exchange adsorption method, solvent extraction method, membrane separation method, calcination leaching method, solar pond method and electrochemical method. Adsorption method and membrane method are regarded as the long-term development direction.
At present, as the end of the year approaches, the cathode material factory prepares goods in advance and has strong purchasing sentiment, but the market supply is tight and the price of lithium salt rises rapidly. According to the data of Shanghai Nonferrous Metals network, the current average price of battery grade lithium carbonate is 223000 yuan / ton. The market is quite concerned about the capacity release of lithium extraction from Salt Lake next year.
The sales director of a lithium salt trader told China Securities Journal · Zhongzheng Taurus that since the price rise of lithium salt in 2020, many cathode material manufacturers have updated their equipment. Some lithium salt manufacturers can meet the battery level standard by extracting lithium carbonate from Salt Lake, and the output has been consumed.
According to the above sales director, at present, many cathode material factories have opened up channels because they can’t find a source of goods, including purchasing industrial grade lithium carbonate with low content, processing and purifying it to meet the standard of lithium carbonate for batteries. According to its introduction, the purification cost is 7000-10000 yuan / ton.
Although the current lithium salt price has been in a high position, many institutions expect the lithium salt price center to rise to 250000 yuan / ton – 280000 yuan / ton in 2022.
“From the perspective of new construction or expansion projects, lithium salt production is expected to increase in 2022, but subject to some practical factors, the increment is limited, or less than the demand growth, and the incremental rate is probably from lithium extraction from salt lakes.” The person in charge of a listed salt lake lithium company said in an interview with reporters.
Fly with lithium! Salt lake lithium rookie China Aluminum International Engineering Corporation Limited(601068) Hong Kong stocks doubled in two days, and A-Shares rose again
Soared more than 90% in the session! Does it really rise with lithium? China Aluminum International Engineering Corporation Limited(601068) here comes the response
(China Securities Journal)
